This paper examines how subsistence farmers respond to extreme heat. Using microdata from Peruvian households, we find that high temperatures reduce agricultural productivity, increase area planted, and change crop mix. These findings are consistent with using input adjustments as a short-term mechanism attenuate the effect of heat on output. response seems complement other coping strategies, s...

This study argues that economic vulnerability causes citizens to participate in clientelism, a phenomenon with various pernicious consequences. To examine how reduced affects citizens’ participation we employ two exogenous shocks vulnerability. First, designed randomized control trial reduce household vulnerability: our development intervention constructed residential water cisterns drought-pro...

We examine the impact of temperature on mortality in Mexico using daily data over period 1998–2017 and find that 3.8 percent deaths are caused by suboptimal (26,000 every year). However, 92 weather-related induced cold (<12°C) or mildly ( 12–20°C) days only 2 outstandingly hot (>32°C). Furthermore, temperatures twice as likely to kill people bottom half income distribution. Finally, we sh...

Climate change not only impacts production and market consumption but also the relative scarcity of nonmarket goods, such as environmental amenities. We study fundamental drivers resulting price changes, their potential magnitude, implications for climate policy in Nordhaus’s Dynamic Integrated Climate-Economy (DICE) model, thereby addressing one its key criticisms. propose plausible ranges the...

The paper extends a dynamic version of the classical von NeumannMorgenstern setting to incorporate a degree of confidence in or subjectivity of probabilistic beliefs. It provides a simple axiomatic characterization of a new preference representation that addresses ambiguity from a simple perspective, employing only basic tools from risk analysis. Conceptually, the paper renders the concept of s...